Comments on: Oil & Gas Sector Trade Ideas 1-15-21

By: becky

becky — Fri, 15 Jan 2021 22:04:32 +0000

In reply to nostaticatall. I was trying to buy 25 strike calls due in 35 days for 0.35 a pop but no luck. Will look into shorting something maybe.

By: rsotc

rsotc — Fri, 15 Jan 2021 22:00:31 +0000

In reply to becky. Thx for sharing. GTE is another E&P stock & the components of that sector tend to rise & fall together so one can put together a basket of the best looking individual stocks or just trade XOP, GUSH, or DRIP for simplicity.

By: rsotc

rsotc — Fri, 15 Jan 2021 21:57:36 +0000

In reply to devnat. Near-term upside on RIG appears limited to these dual resistance levels, at best, with a sell signal to come on a solid break below this steep bearish rising wedge pattern. Objective short entries here as well as up to, but not above the trendline, and on a break below the rising wedge.

By: nostaticatall

nostaticatall — Fri, 15 Jan 2021 19:28:52 +0000

I’m in DRIP anyone else rolling the dice with randy?

By: becky

becky — Fri, 15 Jan 2021 18:45:17 +0000

Spotted $GTE the other day. Similar setup to other stocks within sector.

By: devnat

devnat — Fri, 15 Jan 2021 16:15:32 +0000

randy
what about RIG? It has gone up quite a bit recently